Akoustis Technologies, Inc. Reports Fourth Fiscal Quarter Financial Performance with Net Loss of $63.6 Million
Revenue Surges to $27.1 Million Despite Losses
By USInMinutes
Published - Sep 06, 2023, 12:12 PM ET
Last Updated - Sep 06, 2023, 12:13 PM EDT
Akoustis Technologies, Inc.(AKTS), a leading provider of innovative radio frequency (RF) filter solutions, has released its financial results for the fourth fiscal quarter, ending June 30, 2023. Despite challenges, the company reported a notable increase in revenue while facing a net loss for the period.
Strong Revenue Growth
Revenue Soars to $27.1 Million: Akoustis Technologies achieved a significant revenue increase in the fourth fiscal quarter of 2023, reaching $27.1 million. This impressive figure marks substantial growth compared to the $15.4 million recorded for the same period in the previous fiscal year.
